Question

which of the following is not a application of principle of conservstism

Answer 1

Answer:

there is no followings...

$\huge\mathfrak\red{answEr:}$

conservation concept or prudence concept:

This concept requires that business transaction should be recorded in such a manner that profits are not overstated .All the anticipated losses should be accounted for.But all unrealised gains should be ignored.

hope this helps.